Question

what is high power money​

Answer 1

Answer:In economics, the monetary base in a country is the total amount of bank notes and coins. This includes: the total currency circulating in the public, plus the currency that is physically held in the vaults of commercial banks, plus the commercial banks' reserves held in the central bank.

Explanation:

Answer 2

Answer: monetary base (redirected from High-powered money)

Monetary base

Sum of the currency held by the public and reserves held by financial institutions with the Federal Reserve Banks. This is the monetary aggregate that the Federal Reserve has control over through its monetary policy. Also called High Powered Money because the effect of changes in monetary base on money supply is magnified by the money multiplier.

Explanation: